#Finance #Minister #Arunjaitley Highlights of #UnianBudget 2916-17

#NewDelhi : Finance Minister Mr Arun Jaitley unveiled a budget for the poor on Monday, announcing new rural aid schemes and skimping on a bank bailout, in a strategy shift that seeks to boost his ruling party in coming state elections.

#Arunjaitley reiterated a forecast that India would grow by 7.6% in the fiscal year that is drawing to a close. He said the government wanted to spread the benefits of growth more widely among India’s 1.3 billion people, but that he would stick to the government’s existing fiscal deficit target for the coming year.

#Arunjaitley reiterated a forecast that India would grow by 7.6% in the fiscal year that is drawing to a close.
Here are the highlights of Jaitley’s budget for the fiscal year that begins on April 1.

FISCAL DEFICIT

* Fiscal deficit seen at 3.9% of GDP in 2015/16

* Fiscal deficit seen at 3.5% of GDP in 2016/17

* Plan expenditure seen at Rs 5.5 trillion in 2016/17

* Proposes to set up panel to review fiscal responsibility management act